Sharp decrease in Turkey’s ship scrap market

Monday, 23 August 2021 14:16:16 (GMT+3)   |   Istanbul

Since SteelOrbis’ previous report published on Friday, August 20, ship scrap procurement prices of Turkish mills have decreased sharply by $3-15/mt to below $450s/mt. The general price range in Turkey’s ship scrap market has moved down from $450-455/mt to $435-447/mt, delivery to mill by truck. The reduction in Turkey’s deep sea scrap prices have also impacted the mood in the ship scrap segment, SteelOrbis understands.

In Turkey's Izmir region, the ship scrap purchase prices of local steelmakers are as follows:

Producer

Price ($/mt)

Price change ($/mt)

Ozkan Demir Celik

440

-15

Habaş

447

-3

Ege Çelik

443

-12

IDC

445

-5

Cebitas

435

-15

All the above prices are for delivery to mill by truck.

AyçaÖzbay
Ayça Özbay
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I graduated from the Faculty of Business Administration at Istanbul University and have been part of SteelOrbis since 2014. After six years in the Content Team, I joined the Market Intelligence department, where I now serve as Head of Ferrous Scrap Market Intelligence. In my role, I lead our global ferrous scrap market intelligence activities, overseeing price assessments, market analysis, and forecasting while working closely with industry participants across international markets. My focus is on tracking global ferrous scrap trade flows, pricing dynamics, and supply-demand fundamentals, providing data-driven insights that help market participants navigate an increasingly complex steel industry.

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